ASML is likely to outperform as its semiconductor fabrication business sees an influx of orders due to a combination of catalysts, including calls for more powerful memory solutions, according to Bank of America. The bank maintained its buy rating on the semiconductor-linked name. It hiked its price target on shares to $2,345, implying nearly 22% upside from Thursday’s close. “ASML has industrialised next gen EUV (Extreme Ultraviolet) lithography technology, which we believe will underpin many of the disruptive trends of this decade,” analyst Didier Scemama said Friday in a note to clients. “Our Buy rating is predicated on… higher litho intensity in [dynamic random access memory], and …potential upside to ASML’s 2030 targets from AI and stronger industry demand.” ASML is a supplier of photolithography systems, or the equipment used to manufacture semiconductors. That hardware, in turn, provides the foundation to power next-generation artificial intelligence models. Shares have jumped 80% in the year to date as an ongoing memory supply crunch accelerates the adoption of lithography equipment for the production of semiconductors required to power the AI revolution. ASML YTD mountain The stock is up 80% in 2026. Bank of America expects ASML to report that its orderbook is full through 2027 during its next earnings report, per its analyst’s recent note. The company is scheduled to report its second-quarter results on July 15. Bank of America’s call falls in line with consensus on Wall Street. All 19 analysts covering ASML have a buy or strong buy on the stock, LSEG data shows.
